And as if on cue from yours truly: "The Dow Is Bouncing Back From the Brink Because China Isn’t Letting Its Currency Crumble""Underestimating your adversary"
Why would you think that such obvious move would be underestimated - do not rush things, give it few days and everything will bounce back.
Underestimating your adversary...
Dow tumbles over 800 points as U.S.-China trade fight intensifiesStocks suffered their biggest one-day fall of 2019 on Monday, hammered lower after China’s currency weakened versus the U.S. dollar, intensifying trade...www.marketwatch.com
He is probably referring to China exempting Tesla a week ago, from 10% purchase tax...
Everyone has to make a deal, as with no deal it won't be good to anyone, and not only US and China, but other countries too. Globalization is too stretched to the point where all are in the same boat.NOPE
China grants tariff exemptions to 16 types of US goods ahead of trade war talks
- Waiver will take effect next week and remain in place for one year, Customs Tariff Commission says
- Latest round of negotiations set to take place in Washington next month
- China is expected to agree to buy more American
, a source familiar with the situation said.
china has to make a deal
or pay the price
more and more us companies are relocating out of china, at least half their manufacturing base
this is bad news for the long term
Everyone has to make a deal, as with no deal it won't be good to anyone, and not only US and China, but other countries too. Globalization is too stretched to the point where all are in the same boat.
As for those exemptions, China is showing good faith in negotiations, although not giving anything more than what the other side had, before that trade war thingy. Now for internal consumption, Trump wants to brag about it as if he achieved anything, fine. Let's see now if he is capable of showing the Chinese good faith from his side and in return.
I think he will jump on it.